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Pennsylvania and New Jersey state line Pennsylvania and New Jersey state line (Image: Shutterstock).

After several years of collaborating on various projects, the Pennsylvania Credit Union Association and the New Jersey Credit Union League said Monday they plan to combine their trade organizations, creating a new two-state league by 2020 that will serve more than 500 credit unions.

Though the two boards of directors entered into a non-binding letter of intent in December 2018 to bring the two organizations together, the boards also have approved the new bylaws and a definitive merger agreement.

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Peter Strozniak


Credit Union Times

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